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SURVEY OF CURRENT BUSINESS

10

February 1972

NATIONAL INCOME AND PRODUCT TABLES
1970
1970

III

1971

1971
IV

I

II

1970
III

IV

1970

1971

IV

III

Seasonally adjusted at annual rates

1971
I

II

I [I

IV

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
974 1 1, 046. 8

Nonresidential
Structures
Producers' durable equipment

. .

Residential structures
Nonfarm
..
Farm
Change in business inventories
Nonfarm
Farm
_

._
_._

....

715 9

729 7

735 8

740 7

751 3

644.9

657.4

668.8

677 2

475.9

491.8

477.9

474.2

484.8

489.4

494.3

498.9

100.5
278.6
282.9

90.4
265.5
265 0

84.9
270.9
268.9

96.6
273.2
275.0

99.1
277.8
280.5

102.8
280.2
285.8

103 6
283.3
290 3

81.4
207.3
187.2

89.5
211.4
190.9

82.8
207.3
187.9

76.6
209. 7
187.9

85.9
210.0
188 9

87.8
211.5
190 1

91.2
211.6
191 4

93.0
212.7
193 2

151.6

138.6

137.3

143.3

152.9

150.8

159.4

102.2

108.5

104.0

101.2

104.3

110.0

106.7

112.9

149.3

133.5

133.6

140.2

148.3

152.0

157. 0

99.9

106.3

100.1

98.1

101.8

105. 9

107.2

110.5

102.1
36.8
65.4

108 7
38.2
70.5

104.8
37.3
67.5

100.8
37.1
63.7

104. 7
36.7
68.1

108.3
38.5
69.8

109.3
38.7
70.6

112.6
39.0
73.6

78.6
24.2
54.4

79.3
22.4
56.9

80.1
24.2
55.9

75.5
23.5
52.0

77.7
22.6
55.0

79.1
22.9
56.2

78.9
22.1
56.8

81.5
22.1
59.3

30.4
29.7
.6

Fixed investment

723 3

624.7

132. 5

Gross private domestic investment

739 4

620.9

135.3

Durable goods
Nondurable goods
Services

988.4 1,020 8 1,040 0 1, 053. 4 1 072 9 720.0

662.1

88.6
264.7
262.5

.

983.5

615.8

Gross national product _
Personal consumption expenditures

40.6
40.1
.5

28.7
28.1
.6

32.8
32.2
.6

35.4
35.0
.4

40.0
39.5
.5

42.7
42.1
.6

44.4
43.8
.6

21.3
20.9
.4

27. 0
26.7
.4

20.0
19.5
.4

22.6
22.2
.4

24.1
23.8
.3

26.7
26.4
.3

28.3
27.9
.4

29.0
28.6
.4

2.8
2.5
.3

2.2
1.7
.5

5.1
4.7
.3

3.7
3.3
.4

3.1
2.9
.2

4.6
4.1
.5

-1.2
-2.0
.8

2.4
2.0
.5

2.3
2.0
.3

2.1
1.7
.5

3.9
3.6
.3

3.1
2.8
.4

2.5
2.3
.2

4.1
3.6
.5

-.5
-1.2
.7

2.4
1.9
.5

3.6

State and local

4.7

.1

.0

-4.6

2.4

-.1

3.2

2.1

3.0

-.5

.1

—3.0

63.2
60.5

66.2
61.5

66.5
66.4

68.2
68.2

60.4
65.0

42.2
59.8

52.1
52.2

52.4
49.2

51.9
49.8

52.9
49.8

53.1
53.7

54.5
54.4

47.7
50.8

233.0

220.1

223.7

227.9

229.6

233.8

240.8

139.4

139.2

138.2

138.3

137.6

137.0

139. 6

142.6

97.6
71 4
26 2

96.1
74 2
21 9

95.9
73 2
22.7

96.4
72 6
23 7

96.0
71 4
24 6

97.6
70 2
27.4

100.3
71.4
28.9

65.4

62.2

63.8

63.2

61.3

60.7

62.7

64.0

122.2

Federal
National defense
Other

2.7

63.7
59.7

97.2
75 4
21 9

Government purchases of goods and services

4.0

65.3
65.3

219.4

Exports
Imports

.0

62.9
59.3

Net exports of goods and services

135.5

124.0

127.9

131.6

133.6

136.2

140.5

74.0

77.0

74.3

75.2

76.3

76.3

76.8

78.6

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
974.1 1, 046. 8

Gross national product

983.5

988.4 1,020.8 1,040.0 1, 053. 4 1, 072. 9

739.4

723.3

715.9

729.7

735.8

740.7

751.

717.7
2.3

737.3
2.1

719.4
3.9

712.8
3.1

727. 2
2.5

731.7
4.1

741.2
-.5

748.
2.

720.0

971.3 1, 044. 5
2.2
2.8

Nondurable goods..
....
Final sales
Change in business inventories
Services
Structures

_.

_

474.9

467.7

485.5

490.8

496.2

504.5

383.0

3S3.6

387.2

376. 7

388.1

390.2

394.4

401.

469.8
5.1

464.0
3.7

482.4
3.1

486.2
4.6

497.4
-1.2

502.0
2.4

380.7
2.3

391. 5
2.1

383.3
3.9

373.6
3.1

385. 6
2.5

386.1
4.1

394.9
-.5

399.
2.

180.2
180.8
-.6

.

494.3

194.1
193.7
.4

189.6
184.9
4.7

169.7
173.1
-3.4

192.8
189.4
3.5

193. 0
190.6
2.3

193.9
196.4
-2.5

196.6
198.4
—1.8

156. 1 163.9
156.8 163.4
-.6
.5

163.7
160.0
3.7

144.4
147.5
-3.1

162.4
159.6
2.8

162.3
160.2
2.2

163.7
165.3
-1.6

167.
168.
-1.

288.1
284.7
3.4

300.2
298.3
1.9

285.3
284.9
.4

297.9
290.9
7.1

292.7
293.1
-.4

297.8
295.5
2.3

302.3
301.0
1.3

307.9
303.6
4.3

226.9
223.9
3.0

229.7
228.1
1.6

223.5
223.3
.2

232.3
226.1
6.2

225.7
226.0
-.3

227.8
225.9
2.0

230, 7
229.6
1.1

234.
230.
3.

443.3

413.7

420.6

432.3

441.0

446.3

453.6

273.4

278.6

273.9

274.5

276.2

278. 4

278.9

280.

95.5

Durable goods
Final sales
Change in business inventories

_

492.0
2.2

410.3

Final sales
Change in business inventories

984.7 1, 017. 7 1, 035. 4 1,054.6 1, 070. 4
3.1
4.6
-1.2
3.7
2.4

465.5
2.8

Goods output

978.4
5.1

468.3

Final sales
Change in business inventories

109.2

94.9

100.1

102.9

108.2

110.8

114.7

63.6

67.2

62.2

64.7

65.4

67.2

67.3

68.

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
974.1 1,046.8

General government

...

739.4

723.3

715.9

729. 7

735.8

740.7

751.

871.6

899.2

916.9

928.9

945.9

659.4

678.3

662.8

655.4

668.9

674.9

679.4

689.

880.9
851.0
30.0

831.3
804.1
27.1

833.5
806.4
27.1

859.2
831.1
28.1

874.6
845.7
28.9

886.9
856.1
30.8

903.0
871.0
32.0

638.5
614.6
23.9

655.5
630.0
25.6

641.8 - 634. 1
618.6 609.2
24.9
23.2

646.6
621.7
24.9

651.4
626. 4
25.0

656.9
630.1
26.8

667.
641.
25.

35. 5

32.1

33.0

34.2

35.0

35.9

36.8

17.0

17.8

17.0

17.1

17.6

17.7

17.8

18.

4.6

Eest of the world

720.0

868.3

31.7

Households and- institutions

988.4 1, 020. 8 1, 040. 0 1, 053. 4 1, 072. 9

922.7

823.4
795 2
28.2

Business
Nonfarm
Farm. .

983.5

859 8

Gross national product
Private .

6.3

4.8

5.1

5.8

7.3

6.0

6.1

4.0

5.0

4.0

4.2

4.7

5.8

4.7

4.

114.4

124.0

115.2

116.8

121.5

123. 1

124.5

127.0

60.6

81.1

60.5

60.5

60.8

60.9

61.3

61.

HISTORICAL STATISTICS
National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965y
Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1971 issue has
data for 1967-70. Prior July issues have final data as follows: 1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970. BEA will provide
on request a reprint of final data for the years 1964-67.




CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1968

Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1969 | 1970

IV

1970

1969

1968

I

|

II

III

IV

I

II

1971 i
III

i | n

IV

Annual total

HI | iv

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil.$

864.2

929.1

974.1

890.2

906.4

921.8

940.2

948.0

956.0

968.5

983. 5

988.4 1, 020. 8 1,040.0

do

536.2

579.6

615.8

552.5

564.3

575.8

584.1

594. 2

604.0

613.8

620.9

624.7

644. 9

657.4

Durable goods total 9
do
Automobiles and parts
_ _
do
Furniture and household equipment.- _ do

84 0
37.5
34.3

89 9
40.4
36.3

88 6
37.1
37.4

87.0
39.0
35.0

89.5
40.1
35.6

90.6
39.9
37.0

89.4
40.4
36.2

90.3
41.0
36.2

88.6
37.8
37.3

90.7
39.1
37.6

90.4
38.8
37.0

84.9
32.7
37.6

96.6
43.8
38.8

99 1
45.3
39.4

230.8

247.6

264.7

236. 9
47.7
117.9
19.4

241.5
48. 5
120.4
20.2

249. 4
51.0
122.9
21.5

253.1
51.1
124.8
21.9

259.4

262.9

265.5

50.3
122.5
21.1

52.6
131. 8
22.9

246.4

46.3
115. 3
19.0

270.9

221.3
31.2
77.3
15.5

242.1
33.7
84.0
16.5

262. 5
36.1
91.2
17.9

228.6

233.4

Gross national product, total f
Personal consumption expenditures, total

Nondurable goods, total 9 _ .
Clothing and shoes
Food and beverages
„
Gasoline and oil
_ _
Services total 9
Household operation
Housing
Transportation

do
_ ' _ _ do__
__ _do
__ _do
do
do_
do
-do

,.

Gross private domestic investment, total

do

32.1
79.7
15.8

32.8
81.4
16.2

50.6
121.9
20.8

238.9

33.0
83.0
16.4

245.2

34.1
84.7
16.6

1,053.4 1 072.9
668.8 '677.2
102.8
48.2
39.6

r 103 6
T 47 g
r 40 g

52.4
132.4
22.9

54.2
134.3
23.5

273 2
55 4
134.4
23 8

277 8
57.0
136.3

280. 2 r 283 3
57.4
58 0
137.3 ' 138 1
24 5
'25 4

256.1
35.1
88.7
17.5

260.2

265.0

35.7
90.3
17.6

36.7
91.8
18.1

268. 9
36.9
94.1
18.3

275
37
96
18

280
38
98
19

285
39
100
19

51.6
128.9
22.5

52.1
131.4
22.6

250.8
35.0
86.9
16.8

0
7
5
6

oo o

5
9
7
0

8
9
7
2

r 290 3
r 40 5
102 9
r
19 6

126.0

137. 8

135.3

130.7

134.3

137.0

141.8

138.0

131.2

134.1

138.6

137.3

143.3

152.9

150. 8

r

159. 4

do
do
-do _
do. _
do
-do _
do __
do

118.9
88.8
30.3
58.5
30.1
29.5

130. 4
98.6
34.5
64.1
31.8
31.2

130.2
96.6
33.0
63.6
33.6
33.1

132.3
102.2
36.0
66.2
30.1
29.5

133.5
104.8
37.3
67.5
28.7
28.1

133.6
100.8
37.1
63.7
32.8
32.2

2
7
7
1
4
0
1
9

148 3
108 3
38 5
69 8
40 0
39 5
4 6
4 1

152 0
109 3
38 7
70 6
42 7
42 1
12
2 0

157 0

5.7
5.5

140
104
36
68
35
35
3
2

r

.4
.1

132. 1
102.1
36.6
65.6
29.9
29 3

6.8
6.7

131.4
100.7
36.0
64.7
30.7
30.1
10.4
10.3

130.8
100.8
36.1
64.7
30.0
29.4

7.1
6.9

122.6
91.2
31.2
60.1
31.4
30.8

127.6
95.0
33.1
61.8
32.7
32.1

7.4
7.3

132.5
102.1
36.8
65.4
30.4
29.7

do __
do
__do

2.5

2.8

2.7

3.5

4.2

I

50.6
48.1

2.0

o

66 5
66 4

68 2
68 2

Govt. purchases of goods and services, total, .do
Federal
do
National defense _ _ _ _
do _
State and local
do

199.6
98.8
78.3
100.8

229.6

233.8 .' 240. 8

a

•iqo a

1°.fi 9

464.0

984 7

1,017.7
482.4

1,035.4
486.2

189.4
293 1

432.3

441.0
108.2

Fixed investment _ _ _ Nonresidential
Structures
- Producers' durable equipment
Residential structures
Nonfarm
_ _ _
Change in business in ventories.__
Nonfarm

By major type of product: f
Final sales, total
Goods, total
__ ___
Durable goods
Nondurable goods
Services
Structures
_

3.6

1.4

1.2

55.6
53.6

1.3

62.9
59.3

50.' 8
49.5

48.0
46.6

56.9
55.7

58.3
55.5

59.2
56.6

61.5
58.0

63.2
59.0

63.7
59.7

63.2
60.5

4 7
66 2
61 5

209.7

219.4
97.2
75.4
122.2

205.7

206.5

100.6
79.4
105. 1

99.2
78.3
107.3

207.8

97.7
77.5
110.1

211.5
100.3
79.4
111. 2

213.0
99.5
78.4
113.5

217.3
100. 2
78.9
117.1

216.5
96.8
75.1
119.7

220.1
96.1
74.2
124.0

223.7

227.9

971.3
465. 5
180.8

882. 1
433.1
174.0
259.1

899.8

915.0

180.9

929.8
452.3

942.3
458.3

955 6
461. 5
181.5

466.6

469.8

400. 8
93.4

406.2

284.9

94.4

357.6

88.1

410.3
95.5

173.1
290 9

413.7
94.9

420.6

100.1

do _
do
__do

7.1
4.9
2.1

7.4
4.5
2.9

2.8
-.6
3.4

706.6

724.7

do

452.7

469.3

do
do
do

81.3
197.1
174 4

202.7

207.3

181 8

do

_

6.6
6.5

bil. $

Net exports of goods and services
Exports
Imports..- _ _ _

8.1
8.1

105.2

98.8
75.6
23 2

1.0

do
do __
do do
_do
do

857. 1

422.4

99.2
78.4
110.6
921.7

449.9

2.8
2.5

2.1
1.8

966 5

5.1
4.7
4.0

978 4

3.7
3.3
2.7

95.9
73.2
127.9

Qfi 4.

72 6

m

96 0
71 4

97 6
70 2

r H2 6

r 39 o
73 6
r 44 4
r 43 8
r

'24
r2 0
' —4 6
r
60 4
'65 0
r JOG 3
r 71 4

r 140 5

1,054.6 '1 ,070.4
497.4 ' 502. 0
r
198. 4
196.4
301.0 ' 303. 6
r
446.3 453.6
110.8 ' 114. 7

441.3
179.1

447.7

94.5

371.9
95.3

383.0

8.1
6.0
2.1

6.6
3.8
2.8

6.8

10.4

2.1

30

— 1.8

—2.0

-3.4

3.1

4.0

5.1
4.7
.4

3.7

2.1

6.5
4.0

.4

4 7

7.1

35
— .4

4.6
2.3
2.3

720.0

716.5

721.4

724 2

727 8

725 2

719 8

721.1

723.3

715.9

729 7

735 8

740.7

T

751. 3

475.9

460. 2

465.7

469.0

469.9

472.6

474.4

477.1

477.9

474.2

484.8

489.4

494.3

r

498. 9

81 4

83.3
199.4
177 5

85 2
201.6
178 9

85 6
202 8
180 6

84 0
203 0
182 9

84 4

203.4

207.3

209.7

76 6

184 8

82 3
205 7
186 4

206.5

187 2

186 8

187 9

187 9

85 9
210 0
188 9

87 8
211 5
190 1

91 2
211 6
191 4

'93.0
' 212. 7
' 193. 2

109.6

102. 2

107.7

108.4

109.4

112. 4

108.2

101.0

102. 7

104.0

101.2

104.3

110.0

106.7

' 112. 9

103.2
80.1
23 1

99.9
78.6
21 3

100.3
76.6
23.7

102.8
78.6
24 1

5.7

103 5
79.1
24 4
58

103 2
81.1
22 1
9 2

103 3
81.7
21 6

100 7
79.3
21 4

4.9

3

100 7
79.4
21 3
2 0

100 1
80.1
20 0
39

98 1
75.5
22 6
3. 1

101 8
77 7
24 1

105 9
79 1
26 7
4 1

107
78
28
—

' 110. 5
'81.5
'29.0
'2.4

1

2 4

—.3

— 5

— 3

6

6

17

2 6

32

2 1

30

Govt. purchases of goods and services, total. -do
147.7
145.6
149.0
139. 4
147.8
Federal
do___
65.4
78. 1
73.8
78. 1
76.3
State and local
.
do
69.6
71.4
71.9
74.0
70.9
' Revised.
v Preliminary.
1 Annual totals for 1971 for components shown in this
column appear on pp. 10-13 of this issue of the SURVEY.
f Revised series. Estimates of
national income and product and personal income have been revised back to 1967 (see p.!3fl.

146.1
73 9
72.1

Change in business inventories.. _
Durable goods
Nondurable goods.

__

169.6

252.9
346.6

269.0
377.4

284.7

91.4

262.2
364.0

179.6

268.0

181.3
271.0

94.5

183.4

274.9
390.6

93.4

5.7
2.8

279.9
;

2.2

183.7
282 9

93.7

184.9

102.9

190.6

295.5

'2.4
— 1.2
-2.5 '-1.8
'4.3

1.3

GNP in constant (1958) dollars
Gross national product, total t
Personal consumption expenditures, total
Durable goods
Nondurable goods •
Services

_

_ _ _

Gross private domestic investment, total
Fixed investment
_ _ __
_
Nonresidential
Residential structures
Change in business inventories.Net exports of goods and services




_

do _
do___
do
_ -do
do

6.4

84 8

6.4

2.3

7.4

83 8

82 8

25

2
9
3
5

1 '-3.0

5

'142.6
'64.0
78.6
of the July 1971 SURVEY) ; revisions prior to May 1970 for personal income appear on p. 22 ff. of
the July 1971 SURVEY.
9 Includes data not shown separately.
144. 8
73 2
71.6

143.8
71 6
72.2

142.6
69 4
73.2

138.7
65 3
73.4

138.2
63 8
74. 3

138.3
63 2
75.2

137.6
61 3
76.3

137. 0
60.7
76.3

139.6
62.7
76.8

S-l

SUKVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

196S

| 1969

1970

1969

I

Annual total

February 1972

II

19713

1970

III

IV

I

II

III

I

IV

II

1972

III

IV

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalf
bil. $

711.1

763.7

795. 9

745.9

758.9

771.7

778.2

785.8

793.4

802.2

802.1

831.7

847. 3

855.2

Compensation of employees, total

do

514.6

565.5

601.9

545.9

559.1

573.6

583.6

593.2

598.5

606.5

609.3

627.3

638.0

645.6

656.6

Wages and salaries, total
Private
Military
- ._
Government civilian
Supplements to wages and salaries
Proprietors' income total 9
Business and professional $
Farm
Rental income of persons

do
do
do
do
do
do
do
do
do

464.9
369.2
17.9
77.8
49.7
64.2
49 5
14.7
21.2

509.6
405.5
19.0
85.1
56.0
67.0
50.3
16.8
22.6

541.4
426.6
19.4
95.5
60.5
66.9
51 0
15.8

503.7
402.0

534.7
422.5

538.5
424.4

545.2
429.4

547.2
429.9

561.4

571.0

440.3

448.4

18.4
83.4
55.3
67.1
50.5
16.6
22.6

516.9
410.4
20.0
86.5
56.7
67.1
50.5
16.6
22.7

525.8

no Q

491.8
391.8
18.1
81.9
54.1
66.7
50.2
16.5
22.0

19.2
101.8
65.9
66.4
51.6
14.8
23.8

18.6
104.0
67.0
67.2
51.9
15.2
24.2

577.3
452.3
18.0
106.9
68.3
69.2
52.3
17.0
24.5

587.0
460.3
18.6
108.1
69.6
70.5
52.5
18.1
24.6

84.3

78.6

70.8

82.7

80.7

78.0

73.3

11.3
73 0
41 7
19 3
22 4

12.1
66 5
36.0
17 5
18 4

12.8
58 1
29.5
16 6
13 0

12.0
70 7
39.3
18 2
21 1

12.3
68 4
36.9
18.0
18 9

12.2
65 8
34.8
17.0
17 8

12.0
61 3
33.0
16.9
16 1

10.6
20 7

10.0
20 6

8.0

10.4
21.0

9.8

9.1

20 5

10.6
20.8

21.2

19.2

19.2

87.6
39 9
47 8
23.6
24 2
—3 3
26.9

84.2
39 7
44.5
24.4
20 0
—5 5
29.9

75.4
34 1
41 2
25.0
16 2
—4 5
33.0

88.7
41.8
46.9
24.0
22 9
-6.0
28.6

86.9
41.0
45.9
24.2
21 6
-6.3
29.4

81.2
38.2
43.0
24.7
18 3
-3.2
30.2

80.0
37.7
42.3
24.9
17 4
-6.7
31.1

688.9
97 9
591.0
551.2
39.8

750.3
116 2
634.2
596.3
37.9

803.6

726.8

743.1
117 2

759.3

772.2
654.5

54.1

32.8

33.4

643.2
600.9

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

79.71
31.95
15.80
16.15

16.04
6.58
3.36
3.22

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6 83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8 30
16.05

47.76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

Corporate profits and inventory valuation adjustment total
bil. $
By broad industry groups:
Financial institutions
do
^Manufacturing total
Nondurable goods industries

do
do

Transportation, communication, and public
utilities
bil. $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends

-

do
do
do
__do

Inventory valuation adjustment
do
Net interest
- - do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil. $
Equals* Disposable personal income
do
Less* Personal outlays©
do
Equals* Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:!
All industries
.-. - -bil. $_.
Manufacturing
do
Durable goods industries f
do
Nondurable goods industries H do
Nonmanufacturing
Mining,
.
Railroad
Air transportation _
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and otherSeas. adj. qtrly. totals at annual rates :J
All industries
Manufacturing
Durable goods industries ^f
Nondurable goods industries f
Nonmanufacturing
Mining

115 9

687.8
633.7

113 6
613.2

625.9
592.4

117 8

20.2
92.1
58.5
68.0
50.2
17.8
23.0

19.5
94.5
60.0
67.6
51.0
16.6
23.2

19.2
96.6
61.3
66.0
51.4
14.5
23.4

69.8

71.5

73.0

69.0

79.5

82.5

80.0

11.3
58.5
31.1
16.7
14.3

12.1
59 4
31.5
16.5
14 9

13.5
59 5
30.6
16.8
13 8

14.0
54.9
25.0
16.2

14.2
65.3
34.4
17.2
17.2

13.7
68.9
35.0
18.1
17.0

14.2
65.8
33.0
18.1
14.8

8.2

7.8

7.9

8.1

8.4

8.5

20.1

20.9

21.9

22.5

25.3

8.5
24.3

75.6
34.1
41.5
25.0
16.6
-5.8
31.8

75.8
34.5
41.3
24.9
16 4
-4.2
32.6

78.5
35.6
42.9
25.2
17.7
-5.5
33.4

71.6
32.3
39.2
25.0
14.3
-2.6
34.2

83.0
38.3
44.8
25.6
19 2
-3.5
34.8

86.9
39.1
47.8
25.4
22 4
—4.4
35.4

85.8
37.5
48.2
25.7
22.5
-5.8
35.9

784.3

803.8

809.8

853.4

685.7

696.2
638.9

816.7
115.2
701.5

833.5

667.6

58.5

722.0
663.3

739.6
676.0

58.6

63.6

864.6 ' 876. 7
116.0 r 121 7
748.5 * 755. 0
687.6 r r696. 0
61.0
59.0

116.7

118.0

113.5

18.6
98.6
62.1
65.9
51.5
14.4
23.7

8.8

113.8

111.6

643.0

25.3
-4.0
36.4

42.3

611.4
43.1

621.5
46.2

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46
9.12
4.59
4.53

17.47
7.14
3.59
3.56

20.33
8.15
4.08
4.07

7.99
3.87
4.12

21.66
8.66
4.26
4.40

17.68
6.69
3.11
3.58

20.60

20.14 i 23. 04
8.66
7.31
3.40
4.26
4.40
3.91

9.45

10.99

11.10

12. 34

10.32

12.18

12.27

12.99

.48
.44
.66

.47
.49
.53

.49
.55
.64

.45
.42
.73

.47
.47
.80

.46
.46
.74

.50
.43
.76

.38
2.36
1.88

.46
2.99
2.22

.33
3.74
3.12

U3.99
.49
.34
.34

13.06

.42
.38
.68

.28
3.11
2.70

.36
3.83
3 20

1.81
3.41

12.83
.55
.42
.39
.37
4.07
3.35
.71
2.62
4.42

do
do
do
do
do
do

do
do
do
do
do. . .
do
do _.
do
do
do ..

Air transportation
Public utilities
Electric
Gas and other

57.4

20.26

7.55
3.52
4.03

.54
.47
.60

1 19. 48
6.88
3.50
3.38

14.38
.56
.45
.54
.36
4.19
3.54
.65

12.61
.50
.50
.57
.33
3.48
3.05
.43

28.28

27.24

.40
3.03
2.23

.44
3.23
2.61

.28
2.54
2.15

.31
3.28
2.59

.30
3.58
2.79

2.00
3.97

2.11
4.07

2.39
4.60

2.14
3.76

2.59
4.26

2.56
4.16

2.81
4.42

2.50
3.94

2.81
4.44

73.94
31.16
15.98
15.18

77.84
33.05

77.84
32.39

15.88
16.50

78.22
32.44

80.22
32.43

16.40
16.05

16.32
16.11

81.88
32.15
15.74
16.40

78.63
30.98

79.32
30.46

16.53
16.52

81.61
30.12
14.06
16.06

80.75 184.02 i 87. 14
31.12 ' 31.26
29.19
15.94
13.76
15.11
16.01
15.31
15.43

42.53

42.78

44.80

45.46

45.78

47.79

49.73

47.66

48.86

1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

do

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl . military
do-_Transfers under U.S. military agency sales contracts
mil $
Receipts of income on U.S. investments
abroad..
mil. $.
Other services
.do

631.5
54.2

15.47
14.52

do
do
do

Commercial and other

580.4

72.52
29.99

do

1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52

1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98

1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00

1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97

2.04
1.46
1.29
1.33
14. 64
12.16
2.48
10.70
17.39

51.50
2.08
1.88
2.28
1 40
14.91
12.61
2.30
11.21
17.72

52.90
51.56
2.23
2.18
1.72
1.64
2.20
1.68
1.30
1.48
15.87
15.37
13.56
12.78
2.30
2.58
10.73
17.85 2 30. 20

15,795

.48

.77

.80

.62

.39

.69

.78

.63

.41

14.92
16.05

.63

14.21
16.25

55.88
2.09
2.12
2.18
1.60
16.32
13.71
2.61
231.57

16, 636 p 17, 054

50 623
33, 588

55,600
36, 490

62,903

11, 995
7,510

14,222
9,490

14, 574

9,602

14,811
9,888

15,374
10, 241

15, 806
10, 582

15,930

41, 980

10, 696

10, 461

1 395

1,515

1,480

407

329

442

336

274

447

327

433

507

545

P466

10, 539
7,056

11, 409

2,471
1, 607

2,585

2,716
1,814

2,767

2,925

2,791

2,855

2,839

2,897

3,241
2 -ion

P 2, 898

9,233
6,407

8,03^

1,818

Imports of goods and services.. _
_ ___do_ - -48,134 -53, 589 -59,311 -11, 657 -13, 926
9,566
Merchandise, adjusted, excl. military-.. _ _ _ d o _ -32,964 -35, 830 -39,870 -7,589
4 'W —4 856 —4 851 — 1 '198 -1,187
Direct defense expenditures
do
Payments of income on foreign investments in the
-929 -1,078
U.S
__mil. $. -3,013 -4,564 -5, 167
Other services
__ . _
do_ - -7,621 -8,339 — 9,425 — 1,941 —2,095
r
Revised.
» Preliminary.
i Estimates (corrected for systematic biases) for Oct.Dec. 1971 and Jan.-Mar. 1972 based on expected capital expenditures of business. Expected ex2
penditures for the year 1971 appear on p. 18 of the Dec. 1971 SURVEY.
Includes communication.
3 gee note 1 on p. 8-1.
fSee corresponding note on p. S-l.
9Includes
inventory valuation adjustment.
{Revised series; explanation of revisions and annual and
quarterly data back to 1947 appear on pp. 25 ff. of the Jan. 1970 SURVEY; see also pp. 19 ff. of




116 1

417.7
19.6
88.5
57.8
67.2
49.8
17.4
22.9

1,934

r

16, 547

11,016

r

10,706 ' 11,466 P 9,565

v 9 9flQ

-13, 866 -14, 142 -14, 493 -14, 761 -14, 935 -15, 125 -15,377 r-16,610 rp -17,06
-9,278 —9, 397 -9,728 -9,831 -9,992 -10, 319 -10,768 -ll,767 — 12,02 p-1 1,098
-1,221 —1, 251 — 1 182 -1,255 -1,211 -1,203 -1,174 -1,214 p-1, 18

-1,242 —1, 315 -1,348 -1,322 -1,284 -1,213 -1,114 -1,072 p-1,22
2 KOA •n 9 fi°.
— 2, 125 — 2, 179 — 2,235 —2,353 —2,448 —2,390
the Feb. 1970 SURVEY.
0Personal outlays comprise personal consumption expenditures,
interest paid by consumers, and personal transfer payments to foreigners.
§Personal
saving is excess of disposable income over personal outlays.
.
ITData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cf Revised; more complete details,
as well as revised quarterly data back to 1966, appear on p. 24 ff. of the June 1971 SURVEY.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102